SEC Form 3 · accession 0000899243-16-028204
EXCO RESOURCES INC · XCOOQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher C. Peracchi
Officer — See Remarks
Period of report
Aug 19, 2016
Accepted (ET)
Aug 29, 2016 · 7:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000316300
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 127,303 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $8.30 | holding | — | — | — | — | Jun 3, 2023 | Common Stock | 50,000 | — | D |
| Employee Stock Option (Right to Buy)F2 | $7.68 | holding | — | — | — | — | Aug 13, 2023 | Common Stock | 37,600 | — | D |
| Restricted Stock UnitsF3 | $0.00 | holding | — | — | — | — | — | Common Stock | 30,382 | — | D |
| Performance Share UnitsF4 | $0.00 | holding | — | — | — | — | — | Common Stock | 300,000 | — | D |
Explanation of responses
- F1Includes shares of restricted common stock issued to Mr. Peracchi pursuant to the EXCO Resources, Inc. Amended and Restated 2005 Long-Term Incentive Plan, as amended (the "Plan"). Unvested shares of restricted stock are subject to forfeiture, accelerated vesting and other restrictions as more fully set forth in the Plan and each agreement pursuant to which restricted shares were issued.
- F2This option is fully vested and currently exercisable.
- F3Represents performance-based restricted stock units ("RSUs") that vest at a rate between 0% and 200% of the target number of RSUs (the number of RSUs listed herein) during a three-year performance cycle beginning on July 1, 2014 and ending on July 1, 2017 based on the issuer's relative total shareholder return in comparison to the total shareholder return of a predetermined peer group over the performance cycle. The RSUs were issued to Mr. Peracchi pursuant to the Plan and the Performance-Based Restricted Stock Unit Award Agreement dated July 1, 2014 and are subject to forfeiture, accelerated vesting and other restrictions as more fully set forth in these agreements.
- F4Represents performance-based share units ("PSUs") that vest at a rate between 0% and 150% of the target number of PSUs (the number of PSUs listed herein) during a three-year performance cycle beginning on July 1, 2016 and ending on July 1, 2019 based on the issuer's relative total shareholder return in comparison to the total shareholder return of a predetermined peer group over the performance cycle. 25% of the PSUs shall be eligible to vest on July 1, 2017 and the remaining 75% of the PSUs shall be eligible to vest on July 1, 2019. The PSUs were issued to Mr. Peracchi pursuant to the Plan and the Performance-Based Share Unit Award Agreement dated July 1, 2016. The PSUs may be settled, at the issuer's discretion, in cash or shares of common stock, and are subject to forfeiture, accelerated vesting and other restrictions as more fully set forth in these agreements.
Remarks
Vice President, acting Chief Financial Officer and Treasurer